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Harvey

Learn about the people, housing, costs and businesses in Harvey, Illinois

Median Home$95,067
Median Rent$932/month
Population20,846
Leading IndustriesFinance & Insurance · Information & Media15% finance & insurance
Home Value Growth⬆⬆⬆+23.0% over 2 years
Young Adults28% of residentsnear the national average
Homeowners58% of occupied units
NotableTransit89/100 · excellent transit access
NotableAmenity Score73/100 · highly walkable area
Harvey
IL

Frequently Asked Questions

What are today's mortgage rates in Harvey?

As of today, the 30-year fixed mortgage rate for Harvey is approximately 7.463% (7.482% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Harvey?

The median home value in Harvey is $95k. The median monthly rent is $932. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Harvey?

Home values in Harvey have increased 23.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Harvey?

Based on a typical all-in ownership cost of $896/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Harvey is $41k/year.

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What industries drive the economy in Harvey?

The largest employment sectors in Harvey are public administration (18%) and information and media (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.